IMF reports economy improved under Modi |
Days after he resumed charge as Union Minister of Finance and Corporate Affairs, senior BJP leader Arun Jaitley recently took a jibe at the former UPA government, saying that the economy had undergone a transformation ever since the NDA came to power in 2014. While referring to the latest report released by the International Monetary Fund (IMF), Jaitley said that a comparison of the data released in 2014 and 2018 proved that high inflation, fiscal deficit and current account deficit, besides a standstill infrastructure, power sector and allocation of natural resources were some of the failures of the previous government. Submarising the report, he said the last four years have seen a series of reforms, both legislative and otherwise, which have been carried at by the Government. The system have been substantially cleaned up and made more transparent. In last 4 years, decisiveness has led to easier decision making and made the economy stand out amongst several other countries.
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